A 6-month call option on Meyers Inc.'s stock has a strike price of $45.00 and sells in the market for $8.75.Meyers' current stock price is $48.00.What is the option premium? Do not round your intermediate calculations.
A) $5.06
B) $4.95
C) $5.75
D) $5.46
E) $5.69
Correct Answer:
Verified
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